Business

The Enforcement Directorate questioned Yes Bank co-founder Rana Kapoor in connection with a money laundering probe involving Reliance Anil Ambani Group companies, suspecting a quid pro quo linked to high-value bank exposure and investments that later turned non-performing

South African spinner Simon Harmer and India batter Shafali Verma were named ICC Players of the Month for November after match-winning performances in the World Test Championship and Women’s World Cup respectively, underlining their impact in landmark series and tournament victories.

Indian businesses must urgently modernise data strategies to unlock AI’s full potential, with poor-quality and siloed data undermining outcomes, a Salesforce report said. Nearly nine in 10 data leaders stressed the need for better governance, integration and context-rich data.

Equity benchmark indices Sensex and Nifty declined in early trade on Monday amid weak global cues, persistent foreign fund outflows and uncertainty over the India-US trade deal. Asian markets traded lower, while the rupee slipped to a record low against the dollar.

The rupee fell to a record low of 90.58 against the US dollar in early trade on Monday, pressured by uncertainty over the India-US trade deal, sustained foreign fund outflows, weak equities and continued dollar selling by the RBI.

Maruti Suzuki plans to localise battery production and critical EV components, expand charging infrastructure, and launch multiple electric models, including e-VITARA, to boost consumer confidence. The company targets five EVs by FY30 and 1 lakh charging stations nationwide

Telangana’s debt has escalated sharply under the Congress government, crossing Rs 7.48 lakh crore in just over two years. Of this, Rs 1.45 lakh crore was raised in the current fiscal alone, with both FRBM and off-budget loans contributing to the surge.

Television prices may rise from January as a global memory chip shortage and a weakening rupee drive up import costs. Industry players warn that sustained pressure from AI-driven chip demand could further impact prices despite recent GST cuts

Eight of India’s top-10 most valued firms lost a combined Rs 79,129.21 crore last week amid a bearish market, with Bajaj Finance and ICICI Bank hit hardest, while Reliance Industries and Larsen & Toubro gained

About 4,300 MW of solar projects in Rajasthan face full daytime curtailment due to limited transmission capacity, threatening Rs 20,000 crore of investments. Industry urges short-term relief, dynamic line rating, and better evacuation mechanisms to prevent stranded renewable assets

A parliamentary panel warned that India’s heavy dependence on crude oil imports exposes it to geopolitical risks and supply disruptions, urging diversification of sources, stronger strategic reserves, alternative routes, and institutionalised risk management to safeguard long term energy security

The iconic promise that ‘even a person in Hawai chappal can fly’, transformed Indian Aviation. IndiGo’s meltdown now lays bare the fragility of that dream

Ravindranath Yarlagadda, founder of VIYONA Fintech, is emerging as a thought leader in India’s fintech space, combining technology-driven solutions with social impact. His initiatives focus on digital payments, agri finance, and inclusion for farmers, FPOs, and small businesses.

Democratic lawmakers in the US House have introduced a resolution to terminate President Donald Trump’s national emergency that imposed tariffs of up to 50 per cent on Indian imports, calling the move illegal and harmful to jobs, consumers and US-India ties.

Fashion must evolve from being a disposable commodity to a creative practice rooted in responsibility

The 7th edition of SBI Home Loans Mega Property Expo is scheduled from December 19 to 21 at HITEX

Kalyan Jewellers opened a new showroom in Begumpet, inaugurated by actors Nagarjuna and Sreeleela. The store features signature collections, exclusive launch offers and BIS hallmarked jewellery. The company said the showroom will enhance customer experience while reinforcing its commitment to trust and transparency.

IndiGo has received a Rs 58.75 crore GST penalty for FY 2020–21 as the DGCA dismisses four flight inspectors amid escalating operational disruptions. With hundreds of cancellations nationwide, the regulator has deployed two oversight teams to monitor the airline’s operations and passenger handling

Do Kwon was sentenced to 15 years for orchestrating the US$40 billion collapse of Terraform Labs’ crypto ecosystem, labelled a massive fraud that devastated countless investors. Judge Engelmayer condemned the scheme’s human toll as victims detailed life-altering losses caused by Kwon’s deception and evasion

Indian benchmark indices Sensex and Nifty surged in early trade, extending the previous session’s rally amid positive global cues and a US Federal Reserve rate cut. Major gainers included L&T and Tata Steel, while several IT stocks lagged alongside mixed Asian market trends

Akasa Air and Air India Express reported steep losses in FY 2024-25, according to government data. While IndiGo posted profits, several carriers including Alliance Air, Fly91, and Quikjet Cargo continued to struggle amid a mixed performance across India’s aviation sector

The Indian rupee fell 39 paise to a record low of 90.33 against the US dollar on Thursday, amid delays in the India-US trade deal. Risk-averse markets and sustained foreign fund outflows pressured the local currency

The Finance Ministry has introduced a new framework to standardise recruitment result timelines for public sector banks. Officer-level results will be declared first, followed by clerical exams, reducing attrition, enhancing transparency, and improving workforce planning across SBI, NBs, and RRBs

The Andhra Pradesh government has approved a state guarantee for APPFCL to avail a Rs 2,000-crore loan from SBI. Funds will support state power utilities, infrastructure projects, and O&M activities, following the Managing Director’s request for government backing